Odaily Planet Daily reports that Tom Lee this morning reposted Mark Newton, an analyst at his fund, on Ethereum. Mark Newton believes the recent crypto market pullback is nothing to worry about, predicting Ethereum will bottom out within the next one to two days before rebounding to $5,500. From September 25th to October 7th, ETH experienced a strong technical rally, followed by only a minor three-wave pullback. The correction is expected to end before October 11th, with a resumption of the upward trend.

“ETH has retraced 50% of its recent gains, but may continue to fall to the $4200-4220 area, which will be an excellent support area, after which ETH will rise again.”

It should be noted that although Mark Newton had made accurate predictions about Ethereum's trend many times before, on September 16, Mark Newton said, "It is expected that ETH will not fall below the previous low of $4233. It may fall back to $4418 or $4375 this weekend. We will then take advantage of this weak market to buy on dips. ETH is expected to rise to $5500 by mid-October." But then Ethereum briefly fell to $4054.